Jobless Claims Rise

Ouch, this hurts. Hopefully its a one week aberration and not a trend. The numbers need to go down, obviously.

One might think that barring some compelling news this afternoon, that the stock market is in for a drop.

Reuters: Surprise rise in jobless claims casts pall on economy

Initial claims for state unemployment benefits rose 19,000 to a seasonally adjusted 479,000, the Labor Department said on Thursday. That compared to market expectations for a drop to 455,000.